Ritesh Agarwal to deploy $2 billion in his hotel startup OYO to boost stake

The capital received through forthcoming primary round will help boost OYO's expansion plan in India, US, China, UK, EU, and Southeast Asia markets

OYO Hotels and Homes, on Friday, said that its founder and chief executive Ritesh Agarwal, will invest $2 billion in the hospitality startup. Agarwal, who founded the hotel chain in 2013 at the age of 19, would make this investment through RA Hospitality Holdings (Cayman). He has signed a $2 billion primary and secondary management investment round and is supported by global institutional banks and his financial partners, subject to regulatory and shareholder approvals, according to the firm. 

The SoftBank-backed company said its strong growth, improved margins, superior improvements in customer experience were behind this move. This makes it one of